Murdoch on MySpace: “We screwed up in every way possible”
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Outspoken News Corp. CEO Rupert Murdoch has given a blunt summary of the MySpace debacle, describing the company’s attempt at the social networking market as having “screwed up in every way possible.” Murdoch took to Twitter to answer “many questions and jokes” about MySpace, which News Corp. acquired back in 2005 for $580m. “[We] learned lost of valuable expensive lessons” the exec admitted. »read more
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